Save Tax and make your money grow using ELSS

Equity Linked Savings Schemes (ELSS): Save upto Rs. 46,800 by availing Tax Deduction under Section 80C.

ELSS Calculator

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Savings under 80C

Based on the information shared:

Your income tax is0

you can save upto 0

by investing Rs0




The amount to be invested to
save tax under 80C.

You have reached your investment
limit U/S 80(C), Invest in ELSS or
Start an SIP to create long term wealth.


You don't have to pay tax
you may either Invest in ELSS or
Start an SIP to create long term wealth.


ELSS FUNDS WHERE YOU SHOULD INVEST* Ratings powered by Morning Star

Scheme Name Rating NAV date NAV AUM (Cr) 1Y% 3Y% 5Y%
{{item.SchemeName}} {{DateFormat(item.NavDate,"dd MM yy")}} {{item.NAV |number:2}} {{item.AUM| number:2}} {{item['1Y']}} {{item['3Y']}} {{item['5Y']}}

Watch: introduction to ELSS

TAX SAVING OPTIONS U/S 80C

Parameter ELSS ? PPF ? EPF ? NSC ? FD ? ULIP ? LIC ? NPS ?
Risk Medium Low Low Low Low Medium Low Medium
Return 15% - 18% 7.8% 8.5% 7.8% 7% - 8% 8% - 10% 3% - 4% 10% - 12%
Lock In 3 Years 15 Years Till 58 age 5 Years 5 Years 5 years Min 10 yrs Till 60 age
Exemption? Tax free Tax free Tax free Taxable Taxable Taxable Tax free Taxable

* Past perfomance may or may not be sustained in future

ELSS FAQs

How much tax can I save by investing in ELSS?

You can avail deductions up to Rs. 1, 50,000 U/S 80C. If you invest Rs. 1, 50,000 in ELSS and you fall in 30% tax bracket then you can save taxes worth Rs. 46,350.

What is the full form of ELSS?

ELSS stands for Equity Linked Savings Scheme

How can I invest in ELSS through Sharekhan?

You can open a Sharekhan account by clicking here, or you can open an Insta MF account by clicking here

Is ELSS a safe investment?

ELSS is a type of mutual fund. Mutual fund investments are subject to market risks and it is always advisable to read the offer documents carefully before investing.

Which ELSS is better - growth or dividend?

If you're looking for long term investment, growth ELSS is recommended. Dividend ELSS come with a lock in period of 3 years with reinvestment and hence should be considered carefully.

What is the best way of investing in ELSS - lumpsum or SIP?

SIP is always recommended as it spreads your investments throughout the year reducing the risk of entering the market at a wrong time. In case of lumpsum, you run the risk of entering the market at a high point which may fall sharply thus eroding your investment.

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